Applied Nanotech
Holdings, Inc. (OTC BB: APNT) announced that it has entered into an agreement
with Arima Eco Energy Technologies Corporation of Taiwan (ArimaEco), a world
leader in concentrated photovoltaic (CPV) module development, system integration,
and installation with systems deployed in Asia and Europe.

CPV systems utilizing multi-junction solar cells offer the highest efficiency
of commercially available solar technology. As part of the collaboration between
the two companies, ANI will take advantage of the high thermal diffusivity and
low CTE of CarbAl™ material to further improve the efficiency and lifetime
of CPV systems by increasing the sun concentration, reducing solar cell temperatures,
limiting temperature fluctuations, and reducing thermal stresses caused by different
rates of thermal expansion.

As part of the agreement, ANI will also represent ArimaEco CPV systems in the
State of Texas on an exclusive basis. Working with ArimaEco, ANI intends to
implement its concept of "energy fields" by combining the existing
land and infrastructure for capturing wind energy in Texas with high efficiency
and low cost CPV solar energy systems. This will enable wind energy fields to
transform to higher value renewable energy fields, combining both wind and solar
power generation. CPV solar energy is extremely well suited to Texas, given
the sunny climate, pre-existing wind farms, and transmission infrastructure.

ANI will introduce the ArimaEco CPV module at the Photovoltaic World Pavilion
at the Renewable Energy World Conference and Expo in Austin TX, February 23-25
along with CarbAl™ material.

"We are optimistic about the collaboration with ANI and we are looking
forward to further the implementation of CPV solar energy in Texas by integrating
both companies’ capabilities and resources," said Mr. Howard Chou,
Sales and Marketing Manager of ArimaEco.

"It is part of our strategic direction to become closer to the end product
user and be less reliant on others for revenue generation and commercialization
of our technology," said Doug Baker, CEO of Applied Nanotech Holdings,
Inc. "I am pleased that we have entered into this relationship with ArimaEco.
This strengthens our position in the renewable energy field and complements
our funded projects related to the development of technical inks for the solar
energy market."